Vraj Iron and Steel Limited has informed the Exchange about execution of an agreement with its holding and associate company for the formation of a Public Trust under the name and style of VRAJ FOUNDATION.
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Vraj Iron and Steel Limited has signed an agreement with its holding company, Gopal Sponge and Power Private Limited (which holds 54.52% equity in Vraj Iron and Steel), and its associate company, Vraj Metaliks Private Limited, to form a public trust called 'Vraj Foundation'. The trust, established on May 7, 2025, will serve as the implementing agency to carry out Corporate Social Responsibility (CSR) activities for all three companies as required under Section 135 of the Companies Act, 2013. There is no impact on the management or control of the listed entity, and no share issuance is involved.
This is a routine CSR-related structural move with no material impact on the company's business, financials, or shareholder value. It is unlikely to affect the stock price.